What is the current Savings Trend of Indians?


There are multiple ways to invest in India, earlier investors used to invest in real estate and gold and silver for safe and huge returns. Gradually, the interest of investors is decreasing from this sector.

There has been a decline in the savings of gold and silver jewelry in the financial year 2021. This indicates that people are now opting for savings in the form of financial assets. According to the sbi report, a change is being seen in the saving behavior of the people.


Gold saving: According to a report, NSO and sbi Research have released data. This data shows that during the Corona epidemic, household savings in the form of gold and silver jewelry declined to Rs 38,444 crore in 2020-21. In 2019-20, it was Rs 43,136 crore. At the same time, gold savings came down to Rs 42,673 crore in 2018-19, which was Rs 46,665 crore in 2017-18.


Debt hitting with savings: NSO data shows a rise in household debt during the pandemic. The report shows that the total financial savings increased to Rs 7.1 lakh crore in FY21. Along with this, the total financial liabilities i.e. liabilities also increased by Rs 18,669 crore.

According to the Economic survey 2022 released on Monday, indians are investing more money in the capital market. Retail investors have increased in the equity cash segment and the total turnover of individual investors has increased from 39 percent to 45 percent during April-October 2021 on NSE. 




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What is the current Savings Trend of Indians?

S Venkateshwari

02/02/2022 02:47 PM